German Real Estate Prices Show Continued Recovery in Urban Areas

Prices rose modestly in late 2024, with urban regions driving growth while rural areas faced further declines.

Real estate prices in Germany increased by an average of 0.3% in Q4 2024 compared to the previous quarter, marking ongoing market stabilization.
Year-over-year, prices rose by 1.9% in Q4 2024, reflecting a gradual recovery from the downturn in 2023.
In major cities, apartment prices grew by 2.5% and single-family homes by 2.2% compared to Q4 2023, highlighting strong urban demand.
Rural areas continued to see price declines, with apartment prices dropping 1.2% and single-family homes falling 0.9% year-over-year.
The latest data revisions, retroactively applied to Q1 2022, aim to improve accuracy and transparency in tracking market trends.